This document summarizes the key topics in emerging management horizons in a changing environment. It discusses contemporary management theories like Theory Z and excellence movement theory. It also outlines management challenges in a global economy, including planning, organizing, staffing, directing and controlling internationally. Future managers will need to focus on systems theory, organizational structure and managing change. Qualities of future managers include possessing diverse knowledge, balancing goals, and having vision to implement decisions based on future information. Overall, the document outlines the developments, challenges and skills needed for management in changing times.

1. Emerging horizons of management in
the changing environment
BY
Arvind Kumar
and
Pranav Kumar Ojha
MBA 1st Semester
MONIRBA , University of Allahabad

2. HORIZONS- mean a line at which
the earth and the sun appear to
meet just imminent or apparent

3. Why to study?
• Uncertainty of environment
• Competitive edge.
• Better services to consumers.

4. Points to be Covered under the topic,
“Emerging horizons of management in the
changing environment”
 Developments in the Field of Management
 Contemporary Management Theory
 Contemporary Management Challenges
 Challenge of International Management
 Management Challenges in the international/ Global Economy
 Focus of Attention For Future Managers
 Challenges in The Management Arena
 Issues involved in Future Managment
 Qualities Of The Future Managers

5. Contemporary Management Theory
 Theory z-
• American style of Management (Type A)
• Japanese style of Management(Type B)
 Excellence Movement Theory-
• Getting things done on Time
• Staying Close to The Customer
• Promoting Autonomy And Entrepreneurship
• Maximizing Productivity through People
• Using A Hands on Approach to Managing
• Doing What The Company Knows Best
• Maintaining A simple, lean, Organizational Structure
• Promoting both Centralization and Decentralization simultaneously

6. • Globalization
• Quality And Productivity
• Ownership
• Environment
• Strategy Formulation
• Ethics and Social Responsibility
• Workforce Diversity
• Change
• Empowerment
• Information Technology

7. 1. Economic Environment
2. Political and Legal Environment
3. Cultural Environment

8. 1.Economic Environment

9. 2.Political and Legal Environment
• Political stability.
• Incentives(reduced interest on loans, tax
subsidies, market protection etc.) to attract
foreign business.
• Reduced international trade barriers imposed
on international trade( in the form of
tariffs, quotas, export restraint agreement and
by-national laws).

10. 3. Cultural Environment
• Value systems
• The social and Ethical beliefs
• Understanding and interpretation of
various symbols and different
languages spoken by people of
different cultures

11. Management Challenges in the
international/ Global Economy
1.Planning
2.Organizing
3.Staffing
4.Directing
5.Controlling

12. 1.Planning
(A) At domestic level
 Local market conditions
 The technological factors
 The growth of products and markets
 The strength and weaknesses of domestic and foreign competitors
(B) At the international level
 Economic, political and legal stability of an economy
 The availability of required technology and finance
 The ease of formation of business enterprise or their strategic
alliances
 Understanding of environmental circumstances

13. 2.organizing
 Reorientation of organizing ability
 Project or Matrix Organizing Structure
 Managing organizational structure and
design
 Managing people
 Managing change
 Enough authority to local managers in each
country

14. o
(3) Staffing-
Selection of competent employee
Reduction in training and developmental expenditure
(4) Directing-
Understanding the cultural factors of indivusals
Variance in motivational factors and communication
across culture
Use of democratic style of leadership with the people
of same community
Non- financial motivation
Two way communication techniques.

15. 5.Controlling
Operation management
Productivity
Quality
Technology
Information systems
Concern for distances, time zones and cultural
differences in case of international
management

16. Focus of Attention For Future Managers
 System theory
 Development of organizational structures-
1. The ever-changing environment
2. Its increasing size and complexities
3. The changing needs of its employees
4. Multiple goals to be mutually satisfied rather
than satisfying a single goal

17. Increased emphasis on human
behaviors-
o Job analysis
o Transaction analysis
o Management by Objectives
o Management by exception
Increased attention on
Management of change

18. Changes in The Management Arena
Changes in knowledge , information and techniques.
Changes in scope of Management.
Changes in the issues and problems facing
managers.
Change in the Environment-
(a)Demographic change
(b)Pollution
(c)Depletion of resources

19. Issues involved in future management
 Increased Employee Participation
 Increased Social Consideration
 Increased Technological Developments
 Increase in International Business-
Managers should be able to analyze-
(a) Potential of foreign buyers to buy the company’s products
(b) The Political climate of the Host country
(c) The capital requirements to set up the business in the
foreign country

20. Qualities of the future managers
 He, besides being a specialist in his area of specialization,
must also posses requisite knowledge about other areas of
management.
 Without emphasizing on a single goal, he must maintain a
balance among the multiple organizational goals keeping in
the mind the impact of the various environmental changes.
 Various managerial skills should be possessed by managers
at all levels
 Manager’s vision should be clear, he must be able to
absorb future information, distribute it throughout the
organization , make and implement the decisions based on
this information.

21. a
• According to Adrien Furnham,a
professor of Psychology at the
University college of London,
“ Good managers in the 21st
century should understand
conditions and human needs.”
• They should realize that frequently the
heart rules the head and should know
what this means for an organization.

22. THANKS TO
SIR
AND
ALL THE
LISTENERS